The global polyethylene films market was valued at $70,465 million in 2016, and is anticipated to grow at a CAGR of 3.6% from 2016 to 2023, to reach $90,911 million by 2023.

Polyethylene films are derived compounds of polymers and ethylene, majorly used in the plastic industry. It is a plastic made from complex polymers, which leads to a rigid, inflammable, fireproof, transparent, and opaque product. The properties of polyethylene can be divided into mechanical, compound, electrical, optical, and thermal. The polyethylene films market plays a vital role in the growth of the packaged food industry.

Polyethylene films are widely utilized in the curing of concrete in the construction industry as it blocks the water vapor coming up from the ground underneath a building. Moreover, these films act as a vapor barrier, thus blocking the water vapor coming up from the ground underneath a building. Polyethylene film is also well-adapted to the problem of curing tilt-up wall panels.

Innovation related to films, which possess high-barrier properties that make it suitable for packaging of food items drives the market. The ongoing innovations and revolutionary developments in the production of flexible films also boosts the market growth. Whereas, fluctuations in the cost of raw materials and stringent regulations for the production of plastic products in the industry, imposed majorly in Europe, hamper the market growth during the forecast period.